17-DEC-1992 16:33
BRITISH TRADE COMM
Extract from Baring Securities Residential Property
Review of November 92
P.06
Annex 4
The outlook for the luxury end of the residential market is more optimistic as demand is expected to remain robust given a fast-expanding expatriate population, a wealthier local population and conducive investment parameters, while supply is envisaged to stay moderate in the short to medium term. Consequently, expected future vacancy rates should be parod down.
Luxury prices are likely to withstand the spillover effect from a correction in the mass residential market, with rentals anticipated to see more rapid growth. Amongst property companies with exposure to the luxury sector, we favour New World and Hysan.
TOTAL P.06